Nuveen High Income December 2019 Target Stock Forecast
Stronger technical forecast for Nuveen High Income December 2019 Target stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Nuveen High Income December 2019 Target stock price gained 2.34% on the last trading day (Thursday, 18th Apr 2024), rising from £192.50 to £197.00. During the last trading day the stock fluctuated 5.18% from a day low at £193.00 to a day high of £203.00. The price has fallen in 5 of the last 10 days but is still up by 1.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 172 thousand shares were bought and sold for approximately £33.83 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nuveen High Income December 2019 Target stock with a 90% probability to be traded between £189.84 and £206.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JHD.L Signals & Forecast
The Nuveen High Income December 2019 Target stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £195.14 and £195.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.34%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nuveen High Income December 2019 Target stock
Nuveen High Income December 2019 Target finds support from accumulated volume at £196.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £10.00 (5.18%) between high and low. For the last week, the stock has had daily average volatility of 4.60%.
Our recommended stop-loss: £186.34 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (JHD.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Nuveen High Income December 2019 Target Term Fund Com to open at £197.67, and during the day (based on 14 day Average True Range), to move between £188.56 and £205.44, which gives a possible trading interval of +/-£8.44 (+/-4.28%) up or down from last closing price. If Nuveen High Income December 2019 Target Term Fund Com takes out the full calculated possible swing range there will be an estimated 8.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £196.50 (0.25%) than the resistance at £198.00 (0.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nuveen High Income December 2019 Target Term Fund Com stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Nuveen High Income December 2019 Target stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.367 Buy Candidate Upgraded
Predicted Opening Price for Nuveen High Income December 2019 Target Term Fund Com of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £197.67 ( 0.338%) | £197.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 207.67 | 5.41 % | |
| R2 | 203.85 | 3.48 % | ||
| R1 | 201.49 | 2.28 % | ||
| Current price: | 197.00 | |||
| Support | S1 | 193.85 | -1.60 % | |
| S2 | 191.49 | -2.80 % | ||
| S3 | 187.67 | -4.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.00 | 3.05 % | |
| R2 | 201.00 | 2.03 % | ||
| R1 | 198.00 | 0.508 % | ||
| Current price | 197.00 | |||
| Support | S1 | 196.50 | -0.254% | |
| S2 | 194.00 | -1.52% | ||
| S3 | 192.00 | -2.54% |
JHD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 14, 2024 | £2.50 | 1.27% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0 | 0% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £2.25 | 1.09% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | £5.50 | 2.71% |
| 5 | Mar 31, 2022 | May 05, 2022 | Jun 10, 2022 | £2.25 | 0.98% |
FAQ
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